- ISIN
- US9220183043
- CUSIP
- 922018304
- Issuer
- Vanguard
- Inception Date
- May 14, 2001
- Region
- North America (United States)
- Category
- Large Cap Value Equities
- Min. Investment
- $50,000
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $65B
Share Price Chart
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Performance
VWNAX Performance Chart
Vanguard Windsor II Fund Admiral Shares (VWNAX) is up 5.8% since the beginning of the year. VWNAX is currently trading at $88 per share. Investors who bought $1,000 worth of VWNAX shares 5 years ago would now be looking at an investment worth $1,681.
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Returns By Period
Vanguard Windsor II Fund Admiral Shares (VWNAX) has returned 5.78% so far this year and 22.12% over the past 12 months. Over the last ten years, VWNAX has returned 12.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Windsor II Fund Admiral Shares
- 1D
- 0.15%
- 1M
- -0.24%
- YTD
- 5.78%
- 6M
- 5.32%
- 1Y
- 22.12%
- 3Y*
- 16.20%
- 5Y*
- 10.95%
- 10Y*
- 12.85%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VWNAX Monthly Returns History
Based on dividend-adjusted daily data since May 14, 2001, VWNAX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.3%, while the worst month was Oct 2008 at -17.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VWNAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.76% | 1.77% | -5.42% | 6.41% | 1.34% | -0.83% | 5.78% | ||||||
| 2025 | 4.53% | -1.16% | -3.86% | -2.23% | 4.94% | 4.09% | 1.19% | 3.46% | 2.29% | 0.79% | 2.14% | 1.44% | 18.64% |
| 2024 | 0.95% | 3.75% | 3.97% | -3.61% | 3.42% | 1.35% | 3.00% | 1.57% | 0.51% | -1.33% | 4.35% | -4.28% | 13.99% |
| 2023 | 6.67% | -3.16% | 1.32% | 1.56% | -1.38% | 5.79% | 4.03% | -2.55% | -3.62% | -2.08% | 8.32% | 5.38% | 21.10% |
| 2022 | -2.83% | -2.26% | 1.31% | -6.89% | 1.91% | -9.22% | 8.16% | -3.63% | -9.34% | 9.87% | 6.22% | -5.02% | -13.18% |
| 2021 | -0.25% | 6.32% | 4.96% | 4.66% | 1.92% | 0.23% | 1.50% | 1.99% | -3.52% | 6.00% | -2.50% | 4.97% | 28.95% |
Benchmark Metrics
Vanguard Windsor II Fund Admiral Shares has an annualized alpha of 1.55%, beta of 0.94, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since May 14, 2001.
- This fund captured 100.25% of S&P 500 Index gains but only 95.12% of its losses - a favorable profile for investors.
- With beta of 0.94 and R2 of 0.92, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.55%
- Beta
- 0.94
- R²
- 0.92
- Upside Capture
- 100.25%
- Downside Capture
- 95.12%
Expense Ratio
VWNAX has an expense ratio of 0.24%, which is considered low.
Return for Risk
Risk / Return Rank
VWNAX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Windsor II Fund Admiral Shares (VWNAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VWNAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.78 | 0.00 |
| Martin ratioReturn relative to average drawdown | 11.30 | 12.44 | -1.14 |
Dividends
Dividend History
Vanguard Windsor II Fund Admiral Shares provided a 10.93% dividend yield over the last twelve months, with an annual payout of $9.57 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $9.57 | $9.64 | $8.32 | $3.95 | $4.87 | $6.48 | $5.07 | $6.55 | $6.34 | $4.96 | $5.09 | $4.79 |
Dividend yield | 10.93% | 11.55% | 10.59% | 5.19% | 7.36% | 7.92% | 7.39% | 10.15% | 11.48% | 7.38% | 8.17% | 8.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Windsor II Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.89 | $9.64 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.60 | $8.32 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.35 | $3.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.34 | $4.87 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.00 | $6.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Windsor II Fund Admiral Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Windsor II Fund Admiral Shares was 57.51%, occurring on Mar 9, 2009. Recovery took 968 trading sessions.
The current Vanguard Windsor II Fund Admiral Shares drawdown is 1.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.51%Mar 2009 | 1y 7mo | 3y 10mo | 5y 6moJul 2007 - Jan 2013 |
COVID crash2020 | -37.42%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 |
Dot-com crash2000–2002 | -36.52%Oct 2002 | 1y 4mo | 1y 4mo | 2y 9moMay 2001 - Mar 2004 |
Bear market2022 | -22.70%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -21.77%Apr 2025 | 3mo 20d | 5mo 6d | 8mo 26dDec 2024 - Sep 2025 |
Drawdown Indicators
| VWNAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.51% | -56.78% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -9.10% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -18.90% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -25.43% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -33.92% | -3.50% |
Current DrawdownCurrent decline from peak | -1.57% | -1.80% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -10.71% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.03% | -0.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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